Murdoch faces sky high price for BSkyB

Sunday 26 June 2011 05.49 EDT
First published on Sunday 26 June 2011 05.49 EDT

One of the largest investors in BSkyB is urging News Corporation to pay an extra £4bn to assume total ownership of the company, reports the Sunday Times.

Crispin Odey, founder of Odey Asset Management, believes the satellite broadcaster is worth £19bn. If that's the case, Rupert Murdoch's company would need to pay £11.6bn for the 61% of shares it does not already own.

Another fund manager, Fidelity, has valued BSkyB at just a little less.